Stocks Slump as Oil Surges Past $100, Dollar Gains: Markets Wrap
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(Bloomberg) — Equities tumbled as crude oil jumped above $100 a barrel for the first time since 2022 due to escalating hostilities in the Middle East and worsening strains on oil shipping. Treasuries fell across the curve.
US Inflation Gauges Likely Diverged Before War in Iran
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(Bloomberg) — A pair of inflation reports, including the Federal Reserve’s preferred price gauge, surface in the coming week after a dismal February jobs report that challenged perceptions the labor market is stabilizing.
Oil Leaps, Stocks Fall on War and Credit Fears: Markets Wrap
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(Bloomberg) — A weak jobs report hit stocks at a time when a widening war in the Middle East is lifting oil prices and fueling inflation jitters. Anxiety about the private-credit industry also reduced risk appetite. Bitcoin tumbled.
Surging Tanker Rates Push US Crude Shippers to Use Small Vessels
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(Bloomberg) — In a desperate bid to transport oil from the US Gulf Coast to Asia, shippers have taken the unusual step of booking smaller vessels as costs soar for the massive tankers typically used.
Swiss Reduce F-35 Order to 30, Mull European Air Defense System
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(Bloomberg) — Switzerland plans to buy only about 30 Lockheed Martin Corp. F-35 fighter jets from the US and considers purchasing a European-built air defense system to make up for delays of an existing procurement.
Lufthansa Weighs More Longhaul Flights as Iran Upends Rivals
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(Bloomberg) — Deutsche Lufthansa AG is preparing to offer more flights to Asia and Africa as the war in Iran sidelines Middle Eastern rivals, highlighting how the regional conflict stands to reshape global travel patterns.
Swiss Still Aim for US Trade Accord After Supreme Court Decision
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(Bloomberg) — Switzerland wants to continue talks with the US on a legally binding trade agreement even after the Supreme Court scrapped the legal base for most of Donald Trump’s sweeping tariffs.
Zealand Plunge Pulls Roche Lower After Obesity Shot Disappoints
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(Bloomberg) — An experimental obesity shot from Roche Holding AG and Zealand Pharma A/S failed to meet industry expectations in a study, casting doubt on their prospects of competing in the fast-growing market and sending their shares lower.
Switzerland’s Voters Are About to Put Cash in the Constitution
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(Bloomberg) — The Swiss may be about to reaffirm their fondness for cash with a vote that would give the francs in their wallets a place in the constitution.
Stocks Fall With Bonds as Oil Surges Anew on Iran: Markets Wrap
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(Bloomberg) — A slide in chipmakers dragged down stocks while a bond selloff deepened amid a spike in oil as headlines continued to depict war escalating in Iran and the Middle East. Bitcoin slumped.
Asian LNG Dips From Three-Year High as Traders Weigh Hormuz Plan
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(Bloomberg) — Asian liquefied natural gas prices pulled back slightly from the highest level in three years, as the market weighed the viability of an American plan to ensure safe passage for tankers through the Strait of Hormuz.
Stocks Rise Amid Economic Surprise as Oil Whipsaws: Markets Wrap
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(Bloomberg) — A report underscoring economic resilience and cooling inflationary pressures drove stocks higher at a time when the war in the Middle East clouds the growth outlook. Bitcoin topped $73,000. Oil whipsawed.
SNB Repeats Intervention Threat With Inflation Stuck Near Zero
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(Bloomberg) — Swiss National Bank Vice-President Antoine Martin said the central bank’s willingness to intervene to stem gains in the franc has risen amid fallout in global markets from the US war in Iran.
SNB Unveils New Banknote Design Winner Days Ahead of Cash Vote
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(Bloomberg) — The Swiss National Bank unveiled the designer of its new banknotes, days before the country votes on whether to enshrine cash in its constitution.
Swiss Inflation Barely Above Zero Again Keeps Pressure on SNB
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(Bloomberg) — Switzerland had only a minimum of inflation in February for a third month, highlighting the challenge for the central bank as it tries to avoid reintroducing negative interest rates.
Luckin Coffee Backer Centurium Is Said to Be in Advanced Talks for Blue Bottle
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(Bloomberg) — Centurium Capital Partners is in advanced talks to acquire Nestle SA’s Blue Bottle Coffee, according to people familiar with the situation.
Asian LNG Prices Surge to Three-Year Peak Over Iran Conflict
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(Bloomberg) — Asian liquefied natural gas soared to the highest level since 2023, as the Middle East conflict forced a shutdown at the world’s largest export plant in Qatar and halted shipping through the Strait of Hormuz.
Stocks Pare Oil-Fueled Rout on Trump’s Assurances: Markets Wrap
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(Bloomberg) — A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil.
Ares CEO Says UBS Call on 15% Private Debt Default ‘Absolutely Wrong’
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(Bloomberg) — A forecast last week from UBS Group AG analysts that private credit default rates could reach 15% was “absolutely wrong,” Ares Management Corp.’s Chief Executive Officer Mike Arougheti said.
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(Bloomberg) — On Holding AG’s forecast for sales this year disappointed investors looking for faster growth from the sneaker maker backed by tennis great Roger Federer.
